Bitcoin briefly traded above $67,000 Monday evening before falling back below $66,000, indicating the caution with which the crypto is treating the Iran peace deal that has other markets rallying.
The token changed hands at $65,845 on Tuesday, up 0.3% over 24 hours and 4.8% over the week, according to CoinDesk data. It reached a 24-hour high of $67,217 before fading. Ether held up better, rising 2.8% on the day to $1,764 and up 5.8% on the week. Solana gained 3.2% to $73, XRP added 3.2% to $1.22 and Hyperliquid’s HYPE again led the majors, up 6.3% to $69.
The macroeconomic context became significantly more favorable on Monday. President Donald Trump and Vice President JD Vance signed an electronic copy of a memorandum of understanding with Iran, and Trump said the Strait of Hormuz, already partially open, would fully reopen on Friday.
Brent crude fell below $83 a barrel after its biggest decline in more than two weeks. The S&P 500 gained 1.7% on Monday and the Nasdaq 100 rose 3.1%.
However, bitcoin has not evolved as a valuing asset in relief.
